Velto Renewables announces today the completion of the acquisition from QENERGY of the La Gineste solar farm in La Tourette-Cabardès (Aude), France.
Developed and constructed by Q ENERGY, in close collaboration with the local municipality and stakeholders, the 9 MWp facility comprises over 15,000 photovoltaic panels. As a result, the solar farm is expected to generate renewable electricity equivalent to the annual consumption of around 5,500 residents, while avoiding nearly 2,900 tonnes of CO₂ emissions each year.
La Gineste demonstrates the potential for renewable energy projects to coexist with agricultural use. Once left fallow for decades, the site now provides secure grazing for a local farmer’s livestock, thereby enhancing biodiversity, supporting animal welfare, and promoting sustainable land management.
With the acquisition now completed, Velto Renewables will manage the long-term operation of the project. Through this initiative, the company reaffirms its commitment to delivering renewable energy solutions that create enduring value for both local communities and the environment. La Gineste is part of a larger portfolio being transferred from Q ENERGY to Velto. Last spring, the two companies agreed on a long-term partnership that already provides a framework for further project sales.
About Velto Renewables
Velto Renewables is a renewable energy independent power producer with a long-term asset ownership strategy. Established in 2020 and backed by the global investment group La Caisse (formerly CDPQ), Velto Renewables is committed to contributing to the decarbonization of the global economy and the European energy transition by investing in and developing an international and multi-technology portfolio of renewable energy projects. Velto currently owns more than 280 MW of operating and under construction solar PV and wind projects in Spain and France, manages a 25% investment in a 630 MW offshore wind farm in the United Kingdom, develops 1+GW of greenfield projects in Iberia, and is seeking to grow its portfolio by becoming a local player in the countries and regions where it invests. For more information, visit veltorenewables.com.
About Q ENERGY
Q ENERGY is Europe’s provider of holistic solutions for green power plants. The company is active along the entire value chain of renewable energy projects – from solar parks, onshore and offshore wind projects to energy storage solutions and hybrid power plants. More than 550 employees in the Berlin headquarters and further international offices are currently driving a development pipeline of +8.5 GW across Europe. Building on more than 25 years of experience and 2.5 GW completed renewable energy assets, Q ENERGY is currently active in Spain, Portugal, France, and Germany as well as in Italy. Together with its independent sister company Hanwha Qcells, Q ENERGY forms the energy division of its mother company and top-tier Korean enterprise Hanwha Solutions Corporation. www.qenergy.eu
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